If I consume a lot of protein will I lose fat faster?
There are lots of ways to loose weight. Just adding protein to your diet isn't like to do much for you.
The Atkins' diet captainassassin mentions is a way to loose weight. For a while it was so popular that nearly everyone I knew who was trying to loose weight was on it. It's popularity seems to be fading lately. It never seemed like a healthy way to loose weight to me.
Most people already get lots more protein than they need. If protein was the key to health than America would be the healthiest nation in the world because we eat more of it than anyone.
You are referring to the "Atkins" diet. Yes. But its bad for your immune system, and is overall an unhealthy way to lose weight.